Cardano Rebounds 3% From Recent Low, but Fed Decision Threatens ADA Recovery
- —ADA climbed from $0.2005 to $0.2066 before giving back part of the gain
- —Immediate resistance sits at $0.2085 and $0.2127, with $0.22 the key hurdle
- —A break below $0.20 would expose $0.193 and potentially $0.17
- —The Fed concludes its two-day meeting on October 28, with the statement due at 2 p.m. ET
Why it matters: The bounce has not reversed ADA's bearish structure, and a hawkish Fed could push the token back below $0.20.
Source: Coinpaper